VC Associate (Consumer) @ Fidelity in Boston, MA

Fidelity

The Associate, Consumer Investments will be a key member of the Consumer Fund investment team within Devonshire Investors. This fund makes direct minority investments and co-investments in early and growth-stage consumer companies. Investments span the consumer sector, from consumer packaged goods to consumer technology.Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry.Devonshire invests in directly held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform of holdings in the United States, Europe, and Asia. The portfolio targets the consumer, technology, life science, natural resource, and telecommunications sectors. Devonshire has approximately $10 billion in assets under management.

The Role

You will report to the SVP, Consumer Investments and be a core member of the DI Consumer Fund investment team. This platform launched a $300 million investment fund in 2019. This fund has since been fully deployed and the platform has recently launched a second $300 million fund. We are expanding our team and seeking additional resources to evaluate new investments and to support oversight of the existing and future portfolio. Primary responsibilities include: (1) financial modeling and analysis, (2) conducting industry and market analyses to source and evaluate investment opportunities, (3) preparing investment memorandums and other investment committee materials (4) monitoring existing and future portfolio holdings and (5) building and maintaining data resources for the DI Consumer Fund.

The Expertise You Have

  • 2-3 years’ experience at an investment bank, top-tier management consulting firm, or private equity firm
  • Analytically rigorous and process driven, with strong financial modelling skills, robust quantitative skills, an affinity for data, and strong attention to detail
  • Excellent oral and written communication skills
  • Professional attributes include:
    • Executive presence
    • Curiosity and desire to learn
    • Genuine interest in the consumer sector
    • Genuine interest in venture capital, and growth equity
    • Collaborative, self-aware, confident
    • Patient, thoughtful and comfortable with ambiguity

The Value You Deliver

  • Evaluating New Investments
    • Lead financial analysis and due diligence on new investment opportunities
      • Build financial models and conduct analyses to assess business performance and potential financial returns
      • Research market and competitive dynamics
    • Compile investment presentations and memoranda for presentation to the investment committee.
  • Researching and Sourcing
    • Research investment themes and build/leverage network to identify potential opportunities
    • Monitor market developments, peer/competitor activity and industry trends to ‘think ahead’ for future industry trends and investment opportunities
    • Attend industry conferences, networking events, etc.
  • Portfolio Oversight
    • Monitor company performance, including financial performance, operating results, investment performance, execution against investment thesis and funding needs
    • Develop and maintain a set of data resources for the DI Consumer Fund
    • Contribute to asset-level quarterly NAV process.

Fidelity Overview

At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit Fidelitycareers.com

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